Deals roundup

Our regular round-up of deals involving Irish law firms. Submit your deals to

  • A&L Goodbody leads Mergermarket M&A league table

A&L Goodbody (ALG) has been ranked by Mergermarket as the number one Irish law firm for mergers and acquisitions by both value and volume.

ALG also ranked 17th place across Europe and the Middle East for value, with a combined publishable value of €51bn.

Richard Grey, head of M&A, said: “The rankings accurately reflect the huge amount of work across all teams over the first half of the year. It demonstrates both the strength of our brand and our unique ability to collaborate across our business on the type of large, complex deals that dominated the M&A market the first half of 2021.

“As confidence continues to return to global and domestic economies, we anticipate increased M&A activity to continue throughout the remainder of the year. Consistent with the dominant activity drivers of the first half of 2021, we see this activity being driven by continued high levels of private equity activity and public company transactions. We also expect that we will continue to see high levels of activity in the technology, financial services and healthcare sectors.”

  • Mason Hayes & Curran advises Surmodics on Acquisition of Vetex Medical

Mason Hayes & Curran LLP has acted for Surmodics Inc. on the acquisition of Vetex Medical Limited.

Surmodics, a Nasdaq-listed medtech company based in Minnesota, is a leading provider of medical device and in vitro diagnostic technologies to the health care industry.

The deal for Galway-based Vetex expands Surmodics’ thrombectomy portfolio with a second US FDA approved device, the ReVene Thrombectomy Catheter.

This device, developed by Vetex, is specifically designed to remove large, mixed-morphology blood clots commonly found with venous thromboembolism.

  • Matheson advises Circle on combination with Concord Acquisition Limited

Matheson has advised Circle on its announced transaction to go public through a de-SPAC business combination with Concord Acquisition Corp.

Circle is a global financial technology firm that enables businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce and financial applications worldwide. Circle is the principal operator of USD Coin (USDC), which has become the fastest growing, regulated, fully reserved dollar digital currency.

Under the terms of the agreement, a new Irish holding company will acquire both Concord and Circle and become a publicly-traded company, expected to trade on the NYSE under the symbol “CRCL”. The transaction values Circle at an enterprise value of $4.5 billion and is anticipated to close in Q4.

The cross-departmental Matheson team was led by Fergus Bolster with fellow partners David Jones, Susanne McMenamin, John Ryan, Aidan Fahy, Vahan Tchrakian, Kate McKenna and Pat English, together with team members Thomas Burke, Anna O’Carroll, Audrey Kean, Grainne Boyle, Cillian Dervan, Melissa McCloy, Naomi Douglas, Matthew Moreland, Jade Du Berry, Grace Neary and Chloe Power.

  • Maples act for Spotlight Oral Care on €12 million investment

Maples and Calder, the Maples Group’s law firm in Ireland, has advised Spotlight Oral Care, an oral care brand founded in 2016, on a €12 million investment from Development Capital.

The investment marks Development Capital’s biggest investment to date and it will enable Spotlight Oral Care to further drive its international expansion into Europe and the US.

As part of the investment, Andrew Bourg, co-founding partner of Development Capital, will be added to Spotlight Oral Care’s board of directors.

Dr Vanessa Creaven, Spotlight Oral Care’s co-founder and CEO, said: “The financial support and expertise that comes with this investment will allow Spotlight Oral Care to expand further and continue to help us revolutionise oral care. We are thrilled to be working with a team that supports SMEs like us and look forward to having Andrew on our Board of Directors.”

  • McCann FitzGerald advises Capitalflow on its Sale to Bunq

McCann Fitzgerald has advised Capitalflow and its owner Pollen Street Capital on its sale to bunq, the European challenger bank headquartered in the Netherlands.

Capitalflow is Ireland’s fastest growing business speciality lender. The sale is subject to Dutch regulatory approval.

The McCann FitzGerald team was led by Conor O’Dwyer, along with Adrian Farrell, Ben Gaffikin, Josh Hogan and Eva Giblin.

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